Nasdaq Commodities

Chicago wheat futures rose on Tuesday, supported by a Russian airstrike on the port of Odesa a day after Moscow suspended its participation in the grain export deal allowing Ukraine to ship grains via the Black Sea.

U.S. Crop Watch corn and soybean conditions rose for a third consecutive week last week as the milder July weather has erased much of the crop stress caused by the historically dry June.

Belarus plans to export 8 million metric tons of potash fertilisers this year, the state news agency Belta cited First Deputy Prime Minister Nikolai Snopkov as saying on Tuesday.

Malaysian palm oil futures closed lower on Tuesday, ending a two-session rise weighed by lacklustre demand and as traders squared up positions ahead of a public holiday.

A group of refiners plan to file a lawsuit challenging the Biden administration's rejection of waivers to exempt oil refiners from biofuel blending mandates which has left some on the hook for hundreds of millions of dollars, Par Pacific told Reuters on Monday.

First officer Phil Anderson is one of many who have passed on the promotion to Captain at United Airlines, and analysts and union officials said a resulting shortage of captains - who function as head pilots - could cut the number of flights available to travelers by next summer.

China's agriculture ministry on Tuesday urged cotton growers in the world's top producer to irrigate and fertilise more to cope with scorching temperatures that have hit major growing areas during the critical flowering period.

Prices for copper and other base metals fell in London on Tuesday as investors continued to assess the impact of slow economic growth of top metals consumer China.

Uganda's June coffee exports surged 6.3% from a year earlier, lifted by a bumper harvest in parts of the country and good international prices, according to the sector regulator.

Russia launched missile and drone strikes on southern and eastern Ukraine overnight that damaged infrastructure in the Black Sea port of Odesa, Ukrainian officials said on Tuesday.

India has received average monsoon rains since the start of the season on June 1, despite concerns that an El Nino weather pattern could lead to lower rainfall this year.

Ermenegildo Zegna has appointed current LVMH Group executive Lelio Gavazza to become head of its Tom Ford Fashion arm from September, the Italian luxury company said on Tuesday.

Iranian state-owned animal feed importer SLAL has issued an international tender to purchase up to 180,000 metric tons of animal feed corn with Ukrainian supplies still included among grain sources which can be offered, European traders said on Tuesday.

Soaring summer temperatures across southern Europe could prompt a lasting shift in tourist habits, with more travellers choosing cooler destinations or taking their holidays in spring or autumn to dodge the extreme heat, tourism bodies and experts predict.

Copper prices in London rebounded on Tuesday as a weak dollar kept greenback-priced metals cheaper to holders of other currencies, but weak data from China dented sentiment.

Malaysian palm oil futures reversed early gains on Tuesday, weighed down by lacklustre demand and as traders squared up positions ahead of a public holiday.

Chicago wheat futures inched higher on Tuesday, recouping some losses from the previous session, as supply concerns rose after Russia suspended its participation from a Black Sea pact that allowed Ukraine to ship grains.

Copper prices in London edged up on Tuesday, as a weak dollar kept greenback-priced metals cheaper to holders of other currencies, but weak Chinese economic data weighed on sentiment.

Chicago wheat futures slid 1.6% on Tuesday, while soybeans lost ground as better-than-expected condition of both crops in the United States weighed on prices.

The U.S. Corn Belt has experienced much more forgiving weather this month after an unusually dry June crashed both corn crop conditions and yield ideas.